Building a business case in the Product Development framework is crucial as it provides a justification for undertaking a project or product development. It outlines the benefits, costs, and risks associated with the project, allowing decision-makers to weigh the project's potential value against its costs. This helps in making informed decisions about whether to proceed with the project, what resources to allocate, and how to manage potential risks. Without a solid business case, a project may lack clear direction and purpose, leading to wasted resources and potential failure.
How do you stay innovative and provide the right values for customers? Effective product development...
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